[milliard]

Yeah, looking at too many pictures can often send the head spinning huh.

Long as you get your bearings in accordance with your trade objectives.

Folks have a tendancy to pour cold water over these types of strategies, but if they're executed with sensible aims & expectations they're as good as any other method for returning decent percentages.

Good hunting!

[Nick1984]

Originally Posted by walterw »

Yes, it could be implemented... now my two cents on trendlines...

I would personally dont take the break itself but yes the pullback to level bounce... thats a very competitive place to take a trade with trendlines and we can add it as a new idea to our poupurry of ideas on this thread... cheers Walter.

On the chart you posted up on this one the only thing that I could spot was that aren't you going against your flip trade on this one because the level at the 2nd pivot will act as resistance once you buy on the pull back to the trend line. The graph you posted up did exactly that where price stalls at the level of the 2nd pivot.

Any other way you can measure the conviction of the up move without accurate volume?

[Don4]

Originally Posted by Nick1984 »

On the chart you posted up on this one the only thing that I could spot was that aren't you going against your flip trade on this one because the level at the 2nd pivot will act as resistance once you buy on the pull back to the trend line. The graph you posted up did exactly that where price stalls at the level of the 2nd pivot.

Any other way you can measure the conviction of the up move without accurate volume?

Dont know nick maybe watching pending orders + the size through the level 2 could give some clue. (a constant search for liqiuidity)

[walterw]

Normally this trendlines trades are counter trend... what that means its that you will normally go against any trend definition... it is a reversal trade, and reversals must dwelt with some extra methods...

[walterw]

Originally Posted by milliard »

Yeah, looking at too many pictures can often send the head spinning huh.

Long as you get your bearings in accordance with your trade objectives.

Folks have a tendancy to pour cold water over these types of strategies, but if they're executed with sensible aims & expectations they're as good as any other method for returning decent percentages.

Good hunting!

Yes Millard, we are making some mambo here, shortly I expect to filter out the best and get consistent in one simple efective method...

So far I did present some classic stuff... in very short I will post some very exotic simple stuff... cheers Walter.

[Nick1984]

Originally Posted by Don4 »

Dont know nick maybe watching pending orders + the size through the level 2 could give some clue. (a constant search for liqiuidity)

Seems like spot FX is a whole different kettle of fish! I'll keep on watching it though and only once I feel comfortable enough as a futures trader would I consider spot FX.

Walter, have you tested yet to see how well your strategies hold up to news announcements cause they can cause a lot of volatile movement in the markets! Slippage would become a large problem on those days and unscrupulous brokers would probabbly widen the spread significantly on those days. Didn't oanda have a case not too long ago where there was a 200 pip spread at one stage on the GBPUSD?

[brownsfan019]

Originally Posted by Nick1984 »

Seems like spot FX is a whole different kettle of fish! I'll keep on watching it though and only once I feel comfortable enough as a futures trader would I consider spot FX.

Walter, have you tested yet to see how well your strategies hold up to news announcements cause they can cause a lot of volatile movement in the markets! Slippage would become a large problem on those days and unscrupulous brokers would probabbly widen the spread significantly on those days. Didn't oanda have a case not too long ago where there was a 200 pip spread at one stage on the GBPUSD?

I agree Nick - have to watch this stuff closely during econ news. FX has always interested me but when you read about brokers widening spreads, 'running' stops, etc. it's hard to get motivated to want to trade there. I mean, trading is hard enough as it is, right? I much prefer the regulated world of futures but FX is always a tempting idea...

[Don4]

Walter did you notice the chart I posted last night off the 30 min trendline. Did you notice the price action bounce during the retest.